A personal loan can help us in many ways. By availing of personal loans at quite affordable interest rates, one can have the chance to make oneself financially stable to fulfil his needs. Especially in the time of urgency, a personal loan can prove to be a boon for a customer to move ahead in life with so many commitments to be entertained at the same time.
The great saying: A friend in need is a friend indeed, and a Bank can be your true friend when you want financial help. In such a scenario, your requests have been turned down by your acquaintances in your circle when they turn off their phones, don't pick up your call, skip your texts because they can't afford you cash intentionally or unintentionally due to any helplessness.
So what options you are left with either to take a sum from a person who levis high-interest rate on the principal amount making you obliged to pay big money back to him or seek a personal loan from a bank where you have to pay an economical interest rate on the needed amount and that too in easy instalments, where you have the circumstances in your favour to pre-close the loan once you have sailed through the financial challenges you encountered in your life. Out of these two options, most people choose to take a personal loan from a bank to cope with the urgent need of cash for getting their works done.
In this aggrieved financial situation due to COVID, considerable applicants have applied for a personal loan to get rid of this unexpected urgent need for their survival and fulfil their requirements. A personal loan can work for everything you wish to do with the money disbursed for you, starting from paying your Child’s fee to using it for your daughter's marriage and also for any health crisis.
It can also create your own business to excel your earnings and indeed for buying a car for yourself. A personal loan can also help your loved ones to cherish their dreams, which might be shattered in a lack of budget due to a financial nightmare. In a broader definition, a personal loan has multiple uses and for that one doesn't require to provide any collateral (assets which can be overtaken by banks in case of non-repayment of the loan amount).
But the question is how to avail of a personal loan? The way is effortless; every Bank has mentioned personal loan eligibility criteria that need to be qualified for a customer in need of a Personal loan. The requirements are straightforward and can be checked online without visiting the branch. Once a customer is found eligible, the bank will provide documentation at his doorstep, and then the customer can get the authorized loan amount directly in his or her account.
To help you in your urgency Kerala Gramin Bank is empowering loan seekers economically by providing personal loans. The features and eligibility criteria are mentioned below:
Primary KYC documents: PAN card, proof of residence
Age: 21-58
CIBIL- Minimum 750 or above
Interest rate: 10.75%
Tenure: 12-60 months
Processing Fee: Rs 500
Minimum Loan Amount: Rs 50,000
Maximum Loan Amount: Rs 50 lakhs
Salary slip: 3 months
Monthly salary- Minimum Rs 25000
Kerala Gramin Bank Personal Loan aims to provide a hassle-free Personal loan to every eligible salaried and the self-employed at a comparable interest rate. To meet your needs, let us know how to help you with a personal loan in this urgent need.
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